SINGAPORE (June 24): Singapore's all-items inflation picked up slightly in May and was higher than expected due to higher transport costs, data showed on Monday.
The headline consumer price index rose 0.9% in May from a year earlier, slightly higher than April's 0.8% rise.
It was also higher than the median forecast in a Reuters poll which called for all-items CPI to rise 0.6%.
Singapore's core inflation gauge in May rose 1.3% from a year earlier, as expected by the poll and unchanged from April's rate.
The central bank's core inflation measure excludes changes in the prices of cars and accommodation, which are influenced more by government policies.
